Deals
Blackstone Is Warned Denmark Will Act on High Apartment Rents
Mette Frederiksen speaks during the opening of Parliament in Copenhagen, on Oct. 1.
Photographer: Niels Christian Vilmann/AFP via Getty Images
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Denmark’s new left-wing government pledged tough laws to control housing costs and singled out Blackstone Group Inc. for “unsustainable” rental practices.
Kaare Dybvad, the Danish housing minister, said Blackstone is “challenging” local legislation “where there are holes.” By taking advantage of those holes, the concern is that properties are being bought up and then rented out at prices that Danes are finding increasingly difficult to afford.